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Limoneira To Sell 80% Paso Robles Vineyard Interest to Peak Holdings in $16 Million Deal
Limoneira has entered into an agreement to sell an 80% tenant-in-common interest in its Paso Robles real estate, including 724 acres with vineyard improvements, to Peak Holdings for $16 million. The deal comprises $10 million in cash and a $6 million promissory note. A non-refundable deposit will be held in escrow, with closing contingent on due diligence by July 1, 2026, aimed at unlocking value from the vineyard real estate.